New people posting....with no idea, and even less knowledge with basic math. Some, its evident that they haven't even read the 1st two pages of this thread forum :), and have not researched or at least understood the companies make up and plans.
You can almost sense the deliberate nature of the misleading posts...motive?
I suggest (if your crap at math or using figures)...make a draft of your post in WORD, then check your facts and figures...once checked, then cut'n'paste your post....not being rude...I do this often.
At least make it clear your just throwing random stuff around and not stating as fact would help all, if helping all is your intention (as well as making money for yourself of course).
Or 3rd option....just ask a question rather than making blind incorrect statements.
We are all entitled to make honest mistakes....but some of the information being posted is repeatedly wrong, even after correcting, the same posters make the same or similar factually wrong posts (which only started Friday...LOL)...
Again, I also think this is deliberate, so they want someone else TO correct them, thus saving them research time...lazy!!
Government back in options are standard....and the good that comes with that is relationships, and cost recoveries from exploration. The agreements we have are far, far better than the latest licensing rounds recently launched.
Anyway...I have no doubt that the posts will become more disruptive in the future, especially as we start to advance, and people wished they'd brought at xx.xx price and a little negativity emerges for the sole purpose of self serving motives....nature of the game :)
We have to accept it as inevitable I'm afraid :)
Enough of my opinion on that topic :) ------------------------------------------------------------
Here's some throw around basic thinking number calc's. A very basic overview....lots needs to be added/subtracted....so please note...this really is just throwing some numbers for fun...and baseline thinking.
If we ended up with 25% of every license we own......I would be very very happy. Long Term, this will have meant we have achieved excellent cash raisings with minimal dilution, spreading what risk there is against maintaining a very healthy MC (profits).
Think: (Licenses x Basins x Targets within Basins x Resource Potential = MC)
= HUGE MC (potential).
We will probably have more assets added, by the time all the above comes about anyway...further adding to our assets and MC.
If you want a company with 10% holding in 1 tiny license, with 1 tiny basin, with 1 tiny resource target....then SWE is NOT the Company for you :)
Likewise, if you want SWE to go to $2.00 today....SWE is NOT for you....you need a casino :)
Management are and have demonstrated they are building a Company....not a flash in the pan, 1 hit wonder.
We only need 1 positive strike from all our potential areas...I think we will have multiple positive strikes.
200 million barrels (however made up ...could be 2 x 100 million barrels, or 1 x 200 million barrels) equates to $6.00 per share right now. (as per research papers published)
NO Value has been attached to anything we may get from Zambia License awards either (rightly so at this time)
I have always worked on 300 million shares (~double what we have now)
Putting that on par, I also think we will achieve total resource potential far exceeding 200 million barrels (our share).....that might come from 1 target....especially when we see large structural traps 30-60sqkms and 9x4kms targets with Direct Hydrocarbon Indicators etc etc.....then add in Kenya as you say (multi-Billion Barrel potential), and Zambia potential (possibly 3 very attractive targets), and not forgetting Eyasi.....
My Mid case (all targets 40% average ownership) maybe 2 billion barrels....or ~800 million barrels to us. (NOTE: being light on Kenya @ 1 billion barrels, not 2 billion)
= $24.00 per share
Double our shares on issue = $12.00 per share (I've been working on 300 million shares remember) -----------------------------------------------------------
Being safer at this stage:
at 25% ALL licenses ownership average (noting: still light on Kenya for +/- factor)
= 500 million barrels to SWE
$15.00 per share
Double our shares on issue again = $7.50 per share
----------------------------------------------------------- If we get some Zambia..at 83%WI....this provides huge fat to play with and more potential resource to balance that.
We are not going to drill 10 wells simultaneously...value will be added as we go....and probably other growth potential assets will be added as we go.
The higher our SP is at each development stage (over the coming 12-18 months initially), means the less shares have to be issued in order to raise required capital.
We have people falling over themselves, funds and high net worth individuals...and I bet others....The future looks extremely positive through my blood-red glasses....I lost my rose tinted ones months ago :)
If you don't know what news is due in the very short term....I politely & respectfully suggest you check some of the other posts, read the past announcements and deduce some time frames....all the information is there.
Even traders can make a lot short term, .....medium term and long term holders like myself will be rewarded idc regardless of trader actions.
I agree with others here, that $1.00+ short term (next few months) is very possible. I say that because I actually see that value via my own research, and also as still light given risk/reward...not just because that is value for me and I would like to see a higher price but sincerely believe the value is already there...or at the minimum, very close....
So will we see 30-40-50 cents creep in the very near future.....Mr & Mrs Market will let us know :)
Really important to know what's due and understand the potential impact of that news.....At this stage its all pointing to good :)
SWE Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
